Audrey A. McNiff - Aug 16, 2021 Form 4 Insider Report for AEROJET ROCKETDYNE HOLDINGS, INC. (AJRD)

Role: Director
Signature: /s/ Rebecca A. Bauer, attorney-in-fact
Stock symbol: AJRD
Transactions as of: Aug 16, 2021
Transactions value $: $27,266
Form type: 4
Date filed: 8/18/2021, 05:06 PM
Previous filing: Jun 25, 2021
Next filing: Nov 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AJRD	Common Stock	Award	$18.2K	+428	+12.16%	$42.47	3.95K	Aug 16, 2021	Direct	F1
transaction	AJRD	Common Stock	Award	$9.09K	+214	+5.42%	$42.47	4.16K	Aug 16, 2021	Direct	F2
holding	AJRD	Common Stock						3.59K	Aug 16, 2021	Rabbi Trust

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Effective March 24, 2010, the Board of Directors approved a Director Compensation Program which allows Directors to receive Aerojet Rocketdyne Holdings, Inc. common stock in lieu of their cash compensation. The number of shares of common stock shown reflects the additional common stock received by this Reporting Person in lieu of her annual cash retainer fee paid quarterly.
F2	Pursuant to the Director Compensation Program, if a Director elects to receive common stock in lieu of at least 50% of his cash compensation, the Company will grant restricted shares equal in value to 50% of the amount of cash compensation he elects to receive in common stock. Such restricted shares will vest on the earlier of (i) the date of the Director's retirement from the Board, and (ii) one year after the grant date. The number of shares of common stock shown reflects the additional grant of restricted shares.

Content

Effective March 24, 2010, the Board of Directors approved a Director Compensation Program which allows Directors to receive Aerojet Rocketdyne Holdings, Inc. common stock in lieu of their cash compensation. The number of shares of common stock shown reflects the additional common stock received by this Reporting Person in lieu of her annual cash retainer fee paid quarterly.

Pursuant to the Director Compensation Program, if a Director elects to receive common stock in lieu of at least 50% of his cash compensation, the Company will grant restricted shares equal in value to 50% of the amount of cash compensation he elects to receive in common stock. Such restricted shares will vest on the earlier of (i) the date of the Director's retirement from the Board, and (ii) one year after the grant date. The number of shares of common stock shown reflects the additional grant of restricted shares.